AvaTrade
eToro
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
AvaTrade was founded in 2006 and is headquartered in The British Virgin Islands, while eToro was established in 2007 and is based in Cyprus, UK. AvaTrade holds licences including Central Bank of Ireland, while eToro is regulated by Financial Conduct Authority (FCA) among others. AvaTrade serves 200,000+ clients worldwide; eToro has 20,000,000+. The minimum deposit is $250 at AvaTrade and $50 at eToro.
AvaTrade
eToro
| Feature | AvaTrade | eToro |
|---|---|---|
| Min. Deposit | $250 | $50 |
| Regulation | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2006 | 2007 |
| Country | The British Virgin Islands | Cyprus, UK |
| Clients | 200,000+ | 20,000,000+ |
Fees
Fees are a critical factor when choosing between AvaTrade and eToro, directly affecting your bottom line as a trader. AvaTrade has a lower barrier to entry with a minimum deposit of $250 (vs $50 at eToro). eToro charges withdrawal fees while AvaTrade does not, giving AvaTrade an edge for frequent withdrawers. eToro applies inactivity fees on dormant accounts; AvaTrade does not. Overall, eToro scores higher on fees in our assessment.
| Feature | AvaTrade | eToro |
|---|---|---|
| Min. Deposit | $250 | $50 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
AvaTrade offers MT4, MT5, cTrader, while eToro supports MT4, MT5, cTrader, a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. eToro edges ahead on platform breadth and functionality in our scoring.
| Feature | AvaTrade | eToro |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | web trader, tablet & mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AvaTrade and eToro compare. eToro runs regular live webinars; AvaTrade does not. Both provide video tutorials. eToro publishes daily market commentary; AvaTrade does not. Both integrate third-party research tools. eToro maintains an archive of past webinars for on-demand viewing. eToro scores higher overall in education and research.
| Feature | AvaTrade | eToro |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. AvaTrade accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Neteller), while eToro supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). eToro uniquely supports Skrill among the two brokers. eToro scores higher on deposit and withdrawal flexibility.
| Feature | AvaTrade | eToro |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | No | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both AvaTrade and eToro offer live chat support. Both provide phone support. Email support is available at both brokers. AvaTrade supports 6 languages and eToro supports 5, giving AvaTrade broader global reach. Both brokers are comparable on support quality.
| Feature | AvaTrade | eToro |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Italian, German, French, Greek, and Hebrew | English, German, Spanish, French, and Italian |